Archive for year: 2014

2-Million-HARP-Refinances

Mortgage Rates Hit Six Month Low

Mortgage rates fell again this week, hitting a six-month low as investors reacted to weak economic news in the U.S. and to reports that the European Central Bank may ease monetary policy. The 30-year fixed-rate mortgage fell 4 basis points to 4.33 percent. A basis point is one-hundredth of 1 percent. The 15-year fixed-rate mortgage fell 3 […]

Mortgage-Rate-News-For-2014

Mortgage Rate News For 2014

We started off 2013 by carrying over mortgage rates at historic lows.  We saw 30 year fixed rates in the low 3% range*, fueling a refinance wave that lasted nearly a year.  Since mid-May rates have begun to climb, reaching about 4.5%*.  The government shutdown in October had one positive effect: Mortgage rates have tumbled […]

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